Bank of America profit climbed about 3% from a year earlier to $7.12 billion, or 89 cents per share. Revenue climbed about 4% to $26.61 billion, below analysts' expectations. CEO Brian Moynihan pointed to the larger trends at his bank,

Bank of America notched up better than expected profits in the second quarter as the US lender expanded its deposit base and loan book and benefited from robust Wall Street trading activity.

Bank of America (BAC) stock gained 1.2% in Wednesday premarket trading after the bank's Q2 earnings topped the Wall Street consensus as momentum built in its markets business.

Goldman Sachs reported its best-ever quarter for stock trading. Wall Street banks have posted mostly strong results for the second quarter.

Shares of some of the largest U.S. financial-services companies — Bank of America Corp., Goldman Sachs Group Inc. and Morgan Stanley — were trading lower on Wednesday morning despite posting better-than-expected quarterly earnings.

J&J boosted its annual outlook, after posting better-than-expected quarterly profit and sales. Shares rose over 1% in premarket trading. 🔎 [Bank of America (BAC)]

Stablecoin adoption is on the rise. As Crypto Week kicks off in Washington, BofA flags four corners of the market that could benefit from the boom.

Cash levels dropped to 3.9% from 4.2%, triggering a sell signal on BofA’s proprietary trading model. This is the second sell signal prompted in the last week by BofA trading rules, after inflows to global equity and high-yield bonds exceeded 1% of assets under management over a four-week period.

June credit card delinquency ticked up marginally from the prior month, but the net charge-off rate was down, according to an SEC filing. BA Master Credit Card Trust II's delinquency rate rose marginally to 1.